Here is a list of this morning’s company upgrades, downgrades, and coverage initiations by brokerage firms with roughly 30 minutes until the opening bell.
Analyst Upgrades:
- Stifel Nicolaus raises Google (NASDAQ:GOOG) price target to $590 from $475
- Fulton Financial Corp. (NASDAQ:FULT) upgraded to Buy from Neutral at Janney Montgomery Scott
- Calpine (NYSE:CPN) upgraded to Buy from Hold at Citigroup
- Citrix Systems (NASDAQ:CTXS) added to Conviction Buy List at Goldman Sachs
- Pipper Jaffray raises its price target on Apple (NASDAQ:AAPL) to $235 from $186
- Dr. Reddy’s Labs (NYSE:RDY) upgraded Overweight from Equal Weight at Morgan Stanley
- Boardwalk Pipeline (NYSE:BWP) upgraded to Outperform from Market Perform at Morgan Keegan
- Co. Brasileira (NYSE:CBD) upgraded to Overweight from Neutral at JP Morgan
- Pioneer Natural (NYSE:PXD) upgraded to Equal Weight from Underweight at Morgan Stanley
- Red Hat (NYSE:RHT) upgraded to Buy from Neutral at Bank of America/Merrill ; price target raised to $29 from $23.50
- FBR Capital raises its price target on ON Semiconductor (NASDAQ:ONNN) to $10.50 from $9.50
- Altra Holdings (NASDAQ:AIMC) upgraded to Buy from Neutral at Bank of America/Merrill
- AutoZone (NYSE:AZO) upgraded to Market Perform from Underperform at FBR Capital ; price target lowered to $134 from $137
- National Semi (NYSE:NSM) upgraded to Buy from Hold at Citigroup
- Meritage (NYSE:MTH) raised to Conviction Buy from Neutral at Goldman Sachs
- Shoe Carnival (NASDAQ:SCVL) upgraded to Positive from Neutral at Susquehanna Financial
- Chart Industries Inc. (NASDAQ:GTLS) upgraded to Buy from Hold at Natixis
- Vistaprint (NASDAQ:VPRT) upgraded to Buy from Hold at Needham ; price target set at $60
- Stifel Nicolaus raises its price target on The Knot (NASDAQ:KNOT) to $13.50 from $11
- KLA-Tencore (NASDAQ:KLAC) upgraded to Perform from Underperform at Oppenheimer ; price target raised to $37 from $27
- Shuffle Master (NASDAQ:SHFL) upgraded to Buy from Hold at Roth Capital ; price target raised to $11 from $8
- Apache (NYSE:APA) upgraded to Overweight from Equal Weight at Morgan Stanley
- Genesco (NYSE:GCO) upgraded to Positive from Neutral at Susquehanna Financial
Analyst Downgrades:
- Sonic Solutions (NASDAQ:SNIC) downgraded to Sell from Hold at Kaufman Bros ; price target maintained at $3
- Westar Energy (NYSE:WR) downgraded to Neutral from Overweight at JP Morgan ; price target lowered to $20 from $26
- Citigroup removes Fairchild Semiconductor (NYSE:FCS) from Top Picks
- Cardinal Health (NYSE:CAH) downgraded to Hold from Buy at Deutsche Securities
- Hattera Financial (NYSE:HTS) downgraded to Market Perform from Outperform at JMP Securities
- Ann Taylor (NYSE:ANN) downgraded to Neutral from Buy at Goldman Sachs
- Catalyst Health Solutions (NASDAQ:CHSI) downgraded to Market Perform from Outperform at BMO Capital Markets
- Allscripts-Misys Healthcare (NASDAQ:MDRX) downgraded to Market Perform from Outperform at Raymond James
- L-3 Comms Holdings (NYSE:LLL) downgraded to Neutral from Overweight at JP Morgan
- Bed Bath & Beyond (NASDAQ:BBBY) downgraded to Neutral from Outperform at Credit Suisse ; price target raised to $41 from $35 on valuation
- Siliconware Precision (NASDAQ:SPIL) downgraded to Hold from Buy at BNP Paribas
- American Capital Agency (NASDAQ:AGNC) downgraded to Market Perform from Outperform at JMP Securities
- Taubman Centers (NYSE:TCO) removed from Americas Conviction Buy list at Goldman Sachs
- Domtar Corp. (NYSE:UFS) downgraded to Hold from Buy at Deutsche Securities
- Kinross Gold (NYSE:KGC) downgraded to Market Weight from Overweight at Thomas Weisel
- Exterran Holdings (NYSE:EXH) downgraded to Neutral from Buy at Credit Suisse ; price target raised to $27 from $22
Coverage Initiated:
- Cognizant Tech (NASDAQ:CTSH) initiated with an Outperform and a $45 price target at Robert W. Baird
- American Capital Agency (NASDAQ:AGNC) initiated with a Neutral at Sterne Agee
- Biomarin Pharm (NASDAQ:BMRN) initiated with a Buy at FTN Equity
- Pharmasset (NASDAQ:VRUS) initiated with an Outperform at William Blair
- Duoyuan Global Water (NYSE:DGW) initiated with a Perform and a $33 price target at Oppenheimer
- OraSure Tech (NASDAQ:OSUR) initiated with a Buy and a $5 price target at ThinkEquity
- Align Tech (NASDAQ:ALGN) initiated with a Buy and a $19 price target at Sun Trust Rbsn Humphrey
- Limited (NYSE:LTD) initiated with a Neutral at Goldman Sachs
- Tower Bancorp, Inc. (NASDAQ:TOBC) initiated with a Hold at Stifel Nicolaus
- Lukoil (OTC:LUKOY) initiated with a Neutral at Nomura
- HSN, Inc. (NASDAQ:BMRN) initiated with a Buy at Ladenburg Thalmann ; price target set at $19
- Theravance (NASDAQ:THRX) initiated with a Neutral at FTN Equity
- Phillips-Van Heusen (NYSE:PVH) initiated with a Buy and a $51 price target at Brean Murray
- CDC Software (NASDAQ:CDCS) initiated with an Outperform at Morgan Keegan
- Fuqi International (NASDAQ:FUQI) initiated with an Outperform and a $38 price target at Oppenheimer. The firm believes the co. will continue to achieve attractive returns for its shareholders
